MAIN NEWS HEADLINES
February 8 February 15, 2007 Edition
Simon & Schuster,
Expand Distribution Deal
NEW YORK, NY/2/5/07Kaplan Publishing and Simon & Schuster, Inc have entered into a new and expanded distribution agreement for Kaplans book products, it was announced February 5. The agreement took effect on January 1, 2007.
Under the agreement, Simon & Schuster will continue to provide the complete array of retail and wholesale distribution operationswarehousing, fulfillment, customer service, and accounts receivable collectionfor the Kaplan catalog of test prep publications. In addition, Simon & Schuster will now take on a similar role for Kaplans full line of business and management books, servicing retail, wholesale, and special sales accounts for Kaplan trade books in real estate, finance and investing, sales and marketing, and architecture and engineering titles. Prior to June 2006, Kaplans test prep guides had been published by a jointly held imprint of Simon & Schuster.
We are delighted to continue as distributor for Kaplans test prep publishing, and to welcome their other publishing lines to our distribution client family, said Joe Bulger, Vice President Client Management and Business Development for Simon & Schuster. We will continue to provide Kaplan with the highest level of support and service and to help them grow their business.
Maureen McMahon, Vice President and Publisher of Kaplan Publishing, added: Were very happy to extend our relationship with Simon & Schuster, and look forward to working with them and utilizing their proven expertise in distribution and fulfillment to help all of Kaplans authors reach the widest possible audience, and to provide our bookselling partners with the best service possible.
Our publishing program is evolving to become a more complete reflection of Kaplan, Inc.s expanding range of businesses, continues McMahon. The name Kaplan was once associated exclusively with test preparation. Today, Kaplan retains its leadership position in test prep but is equally recognized as a leader in online education, academic tutoring, solutions for schools, and English language learning. Recent acquisitions such as PMBR, a leading nationwide provider of test prep for the Multistate Bar Review Exam, will make it possible for Kaplan to offer even more opportunities for academic and professional success in our classrooms and books.
ABOUT SIMON & SCHUSTER
Simon & Schuster, a part of the CBS Corporation, is a global leader in the field of general interest publishing, dedicated to providing the best in fiction and nonfiction for consumers of all ages, across all printed, electronic, and audio formats. Its divisions include Simon & Schuster Adult Publishing, Simon & Schuster Childrens Publishing, Simon & Schuster Audio, Simon & Schuster Digital, and international companies in Australia, Canada, and the United Kingdom. For more information, visit our website at www.simonsays.com .
ABOUT KAPLAN, INC.
Kaplan, Inc. is a leading international provider of educational and career services for individuals, schools and businesses. In addition to its publishing business, Kaplan includes four divisions: Kaplan Kids and Schools, Kaplan Test Prep and Admissions, Kaplan Higher Education and Kaplan Professional. Kaplan, which had 2005 revenue of more than $1.4 billion, is a subsidiary of The Washington Post Company (NYSE: WPO). For more information, please visit www.kaplan.com.
Simon & Schusters parent company, CBS, will report its fourth quarter and full year earnings of 2006 on Tuesday February 27, 2007.
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